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IRDA To Spread Out Investments In Iskandar Malaysia Flagship Zones [ 15-09-2011 ]

JOHOR BAHARU, Sept 8 (Bernama) -- Iskandar Regional Development Authority (IRDA) has given an assurance that future investments in the southern development corridor, Iskandar Malaysia, will be spread out throughout the five flagship zones.

Its chief executive officer, Ismail Ibrahim, said IRDA would attract investments for all flagship zones, where each each of them has its own strengths and potentials.

He said investors were attracted to Nusajaya as there were a lot of development activities.

"Nusajaya is also the administrative centre of the Johor state government and it houses the State Assembly building, Menteri Besar's office and government departments," he said.

Ismail said this at a media briefing after a ceremony to welcome a delegation from Wenzhou, China here Thursday.

He said potential investors would be also brought to the other zones -- Johor Baharu City, Western Gate Development, Eastern Gate Development and Senai-Skudai.

Certain parties had earlier said investments should not be confined to Nusajaya only as it was not fair for the business community and the people in the other zones who were seeking opportunities from the development of Iskandar Malaysia.

Meanwhile, vice mayor of Wenzhou Municipal People's Government, Xu Yu Fei, said the delegation members were interested in eight areas in Iskandar Malaysia for collaboration.

She said the areas were agricultural, shoe industry, hardware, furniture, electronic appliances, fashion, car and motorcycle parts and property industry.

The delegation would be in Malaysia until Sept 18 to promote its "Going Out" strategy for China's enterprises.



-- BERNAMA

 

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